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Standard Communities Acquires, Preserves N.Y. Development

November 29, 2017

Standard Communities has closed on the $110.3 million acquisition of a 151-unit affordable housing property in the Hell’s Kitchen neighborhood of New York City. This transaction preserves the Polyclinic Apartments as affordable housing for the long term, with 150 units reserved for low-income families, according to officials at Standard Communities, the affordable housing division of Standard Property Co.

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